Versor Investments LP Acquires 4,990 Shares of United Parcel Service, Inc. $UPS

Versor Investments LP increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 73.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,800 shares of the transportation company’s stock after purchasing an additional 4,990 shares during the quarter. Versor Investments LP’s holdings in United Parcel Service were worth $986,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of UPS. Evelyn Partners Investment Management Europe Ltd lifted its stake in shares of United Parcel Service by 110.1% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after acquiring an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. bought a new position in United Parcel Service during the 2nd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of United Parcel Service in the 2nd quarter worth approximately $34,000. FNY Investment Advisers LLC bought a new stake in shares of United Parcel Service in the 2nd quarter valued at $34,000. Finally, Salzhauer Michael bought a new stake in shares of United Parcel Service in the 3rd quarter valued at $31,000. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Trading Up 0.7%

Shares of United Parcel Service stock opened at $118.76 on Wednesday. The stock has a market capitalization of $100.75 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $123.70. The stock has a 50 day moving average price of $104.63 and a two-hundred day moving average price of $94.23. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.30 and a current ratio of 1.22.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company had revenue of $24.48 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same period last year, the business earned $2.75 EPS. United Parcel Service’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $6.56 annualized dividend and a dividend yield of 5.5%. United Parcel Service’s payout ratio is presently 100.00%.

Analysts Set New Price Targets

UPS has been the topic of several recent analyst reports. Bank of America upgraded shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a report on Friday, January 9th. Sanford C. Bernstein boosted their price objective on United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. BNP Paribas Exane cut United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price for the company. in a research note on Tuesday, January 13th. Wells Fargo & Company lifted their target price on United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Finally, UBS Group increased their price target on United Parcel Service from $116.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $113.67.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.